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of the house john boehner saying obamacare needs to be on the table in the fiscal cliff talks because, quote, we can't afford it. joining the company from washington is tea party founder justin phillips. come on. house republicans are over a barrel. they lost. what leverage do they have in these negotiations? >> you don't have much leverage when your full scrimmage john boehner's freshly laundered white flag of surrender. john boehner has ceded the field to the democrats. he is not even discussing the issue of spending. it is will lead the issue of revenue. there is going to be more new taxes, absolutely right because when we go to the negotiations, john boehner as usual is starting from a position of weakness. if you're going to start from a position of weakness where you have already given up on the spending side of the equation there's only one alternative, taxes get raised. dave: you mentioned spending. i remember 2009 was the stimulus, $800 billion, you can argue forever about whether it worked out all or not but it wasn't a 1-shot deal. we went up $800 billion and then it stayed. it di
cliff, it really is a market moving event. you have john boehner talking but he is optimistic a deal can be reached. this comes on the heels of yesterday when you had harry reid expressing caution about the fact things ar were nt going that well. we are seeing the market to the downside, they have improved and you can see it spiked up. alaska mitra said to them. dagen: speaking of house speaker john boehner, he said he is optimistic. >> i'm optimistic we can work together to avert this crisis sooner than later. connell: we also want to show you this, this is skepticism from who you would think would be a major player in the deficit talks. >> i am really worried we have a probability we could go over the cliff, and that would be catastrophic. not to go over the cliff, we have to compromise, have to have revenue. the problems are real, the solutions are painful, no easy way out. the only way you can do this ifs to have a balanced approach and that is where people are headed. connell: matt welch is here. what do you make of all this, matt? >> there is nobody at the table actually interested
are meeting with the white house chief staff. john boehner is having some meetings with business leaders. meanwhile, the staff of the senate and the house and the white house are all meeting -- this purpose of avoiding the fiscal cliff which is now 35 days off or something. so first of all, two questions. how serious is it and what do you think is going to happen? >> it is potentially very serious that is if we hit the fiscal cliff and go over it and it stays in place. the deficit falls by $600 billion, the largest one-year reduction in history but will throw the economy back into a recession. unemployment will go from 7.9% currently to over 9%. i don't think that's going to happen. i do think we'll go over the cliff, not have a deal before it happens. i think it will be fixed shortly after this -- after they storm the castle with pitch forks and torches but this is potentially the worst fiscal policy since the end of the great depression when we went into an austerity program too early and threw the economy back i
. speaker john boehner deserves some leeway to try to mitigate the damage by negotiating a larger tax reform. leeway to negotiate sounds pretty sane to me. for some, of course, that's a great big lump of coal wrapped up as an early christmas present. >> revenue that happens to be the democratic code word for tax increases. that is simply not an acceptable position for any true conservative. republicans were not elected to rubber stamp obama's agenda. >> seems some news personalities may be taking a tax increase on the highest earners somewhat personally. anyway, republicans didn't win the white house or the senate. i wonder what other conservatives have to say about that. >> the republicans are in a shocking amount of disarray right now. the republican party has not developed an alternative idea set other than what mitt romney and paul ryan were campaigning on and sort of by default it has become their opening negotiation position. >> i see. so their opening position is the one that was vigorously debated and comprehensively defeated just three weeks ago. i guess the only question now is, wh
've been defeated on this. what has to change is their attitude on this. >> oh, is john boehner going to be pissed when he finds out mitt romney lost the election. if they let him out of that time machine, he might be something. the thing i find humorous about this, as well as about the whole issue of taxes and whether or not we should repeal the bush tax cuts, is that republicans do seem to have decided that the election that just happened didn't really happen. and that they are going to propose pretty much all of mitt romney's ideas as their negotiating starting point. well, we just -- >> we needed paul ryan actually to help get the job done. >> even having paul ryan talk about it. it's amazing. they decided while mitt romney lost the election, his ideas, they think won. i don't know how they get there. >> i feel like what they're trying to do is say, we lost, never mind but we're going to keep doing what we do. if we keep saying it enough, maybe -- >> i read that -- john boehner's op-ed pretty carefully. here's one thing he said. he said there are three ways to take down obama care
the republicans agree with the president? well, that about turned speaker john boehner's blood into a red river valley of rage. >> i told tom earlier in our conference meeting that i disagreed with him. you're not going to grow the economy if you raise tax rates on the top -- on the top two rates. it will hurt small businesses. will hurt our economy. >> taxing the rich hurts small business, yes, the very familiar offerings of one mitt romney. losing presidential candidate. who will be enjoying a free government lunch tomorrow at the white house at the invitation of the president. not sure what will be on the menu, but many are betting on a generous serving of crow with a beet salad. let's go to our panel, with him y william cohen, and here in new york is msnbc political analyst jonathan alter, also a columnist for the "bloomberg view." the president is pressing his case hard for a deal on middle class tax relief. secretary geithner will head to the hill. is john boehner now facing the rising tide against his yacht owners and the like? >> i think he is. a 60-37 margin on supporting raising taxes
to go back to the negotiations he had with john boehner in the summer, and they've done a lot of work. those guys got pretty close in the summer of 2011. now the president has more leverage. the tea party part of the house republican caucus is in a less powerful position and less fired up. we're pretty far away from the 2010 elections now. john boehner is trying to exercise some kind of power and tell those people that he needs them to stay in line. i think, you know, the tax thing, i keep trying to -- to me it seems obvious what's going to happen. that the bush tax cuts are all going to expire on january 1st. and then they're going to reinstitute the ones for people making under $250,000 a year. republicans will not vote to do a partial thing, right? because they regard that as raising taxes. they won't vote for it. we'll go past january 1st. then when democrats offer to reinstate the tax cuts for those making $250,000 a year, republicans will vote for that. that's another tax cut. it seems to me this solves the republican problem, which is that we won't vote to raise rates. that's h
through a dance. we had john boehner, for instance, speaker of the house, writing an op-ed saying that health care is on the table which is probably absurd and blatant effort to widen the perimeters, but he is negotiating with two different sides, negotiating with the democrats in the white house but also negotiating with the hard line faction in his own party. he can't look too weak into these negotiations or he won't get the final result passed. >> let's talk about another political story. the resignation of jesse jackson due to health issues and that federal investigation that's been going on for some time now. his father jesse jr. had this to say about his son outside his chicago home yesterday. take a listen. >> he's with his family. and having dinner. and having prayer. of the things a lot of folks are saying here is that if congressman jackson knew as most likely he did that he was going to end up resigning, why not do it a month, six weeks, two months ago and give someone else a >> yeah, he won a resounding victory in his illinois district on election day. he hasn't been r
the table from the democrats' perspective? >> absolutely. the thing is is that john boehner and the republicans, the last time we went around these negotiations, remember it was june of 2011, on the debt ceiling negotiations, the president and the speaker played golf, and there were all those grand bargain talks behind closed doors. republicans tried to put it on the table back then, and democrats said, absolutely no way. and i think they're going to get a similar response this time. remember, it was just a few weeks ago when john boehner after the election essentially said, there's nothing we can do about obama care. it's going into effect next year. people are going to have to start enrolling, those exchanges are going to have to get up and running. he saw a revolt among his house republicans and republicans across the united states, just for saying it. now john boehner is doing a little backtracking. he wrote in the cincinnati enquirer, his hometown newspaper, the president's health care law adds a massive, expensive, unworkable government program at a time when our natio
among house speaker john boehner's tax-resistant republicans. >> i don't want to prejudge any of this. the bottom line, we can't have a sequestration, we have to show the world we're adults. the election is over. >> reporter: and president obama won. vowing to raise taxes on the wealthy. another republican saxby chambliss of georgia, in a recent interview, says he's no longer bound by a pledge not to raise taxes. >> the pledge i signed 20 years ago was valid then. it's valid now but times have changed significantly, and i care more about this country than i do about a 20-year-old pledge. >> reporter: but raising taxes is only one-half of a deficit deal. republicans want democrats to raise the eligibility age for medicare. >> i want entitlement reforms. republicans put revenue on the table, democrats always promise to cut spending. i'm looking for more revenue for entitlement reform before the end of the year. >> reporter: so far democrats sound lex flexible. >> we've got to make sure there is seamless coverage of afordable health coverage for every a
piece is does john boehner have enough running room to strike a deal involving some new revenue. i still am of the belief that the vote in the house, which will be a cliff hanger no matter what happens amongst the leaders in the white house, it will be a tough vote. i think it will be a democratic buildup than a republican buildup. but there's no doubt that if eric cantor is willing to at least vote on a deal that has new revenue, that that is a huge paradigm shift. and i think that gives us all hope, although there's still a long way to go, that there can be a deal that has the president has said for a long time, a balanced approach. >> but ruth, what are the democrats willing to give, because there are some democrats, some of the more liberal democrats who are saying let's go over the cliff. that gives us more leverage. >> there's extremes in both parties that say let's go over the cliff. grover norquist was saying it the other day. i just want to -- before we get to the democrats, i want to be debbie downer for a minute on the republican side. i totally agree with mark. we're hearing
money expers will help put pressure on both sides to sko compromise. here was speaker john boehner just moments ago. >> it's time for the president and democrats to get serious about the spending problem that our country has. but i'm optimistic. >> let's bring in democratic strategist and former kerry deputy campaign manager steve elmendorf and former gingrich senior adviser david winston. good to see you both. >> good to be here. >> david, something else speaker boehner said moments ago, as you know, congressman tom cole broke with most of the rest of republicans saying, look, we should just take the tax breaks for people making under $250,000 a year and worry about the upper-income folks later. john boehner just said no, he doesn't agree with that. what do you think's going to happen here? >> well, the next couple weeks as we begin to sort of lay out these sort of contrasting positions that the president and the speaker have, look, what the spoker's focused on here is, yes, we obviously need to raise more revenue. there's a disagreement in terms between the president and the speaker i
obama was re-elected as president, i have to say, you are probably not thankful that john boehner was re-elected as speaker of the house. and vice versa, if you're psyched about john boehner, you're probably not psyched about president obama. but there is one thing about the re-election of both of these men that i think is maybe worth being thankful for. i am thankful that john boehner forever and president obama may be only recently, these two men have been willing to show emotion in public. to be big, tough, american leaders of the highest order, right? both of them in positions where they really answer to no one but the voters. and they are willing to be seen shedding a tear, without shame. i am thankful for that in our national american leadership. i am thankful that the brilliant bbc series, "house of cards," about the most evil politician ever, a mini series that i've watched a million times and i've been addicted to for years, i am happy, i am thankful, i am thankful that "house of cards" is being remade by kevin spacey and it comes out in february. i'm thankful for nbc white hous
negotiations are off to a bumpy start. house speaker john boehner wrote an op-ed yesterday calling for the president's health care law to be part of the fiscal talks. the white house told the "huffington post" the president opposes that. joining me now from washington, nbc white house correspondent kristen welker and neil irwin. welcome to both of you. happy holiday. >> happy holidays, alex. >> kristen, politico said the negotiations are off to a rough start. what do you see as the likelihood of a deal before the end of the year? >> alex, i think they are off to a relatively rough start. president obama expected to invite congressional leaders back to the white house next week after the holiday, but it seems at this point aides are trying to hammer out the beginnings of the deal. republicans seem to be digging in their heels on the issue of taxes, saying they don't want to see the bush era tax cuts expire for the wealthiest americans. of course, that is something the democrats have been adamant about. so they're stuck on this old issue of taxes. and also stuck on the issue of entit
to prejudge it. and we should not be taking iron clad positions. i have faith in john boehner. >> congressman, we have seen this movie before. the bottom line question and, what can speaker boehner sell? if he goes to them and says, look, we cut a deal here, but tax rates have to go up. actual tax rates have to go up on the wealthy, like senator levin just said. can he sell it? >> i think john is going to do all he can to avoid an increase in tax rates. but as senator levin said, you can get the same results by changing deductions, changing exemptions, and that would put more of a tax burden on the rich but it would not affect marginal tax rates. i don't want to prejudge any of it. bottom line, we cannot have sequestration. we cannot go off the fiscal cliff. the election is over. we have a speaker. the democrats have a president. the democrats have harry reid. we have mitch mcconnell. get them in the room. and that's what representative governments should be about. no one gets all they want. if reagan and o'neal can do it, r boehner and obama should be able to do this. >> the last attempt at
with president obama? house speaker john boehner said no way. >> i told tom earlier in our conference meeting that i disagreed with him. you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses and hurt our economy. >> joining me now from washington, d.c., the democratic senator from washington, patty murray, a member of the senate budget committee. it is great to have you on the program. >> well, thank you, alex. nice to chat with you. >> senator, let's talk about the fiscal cliff. increasingly we are referring to it as the fiscal curve, possibly among some folks in our circle, the fiscal mole hill. you have advocated going over the fiscal cliff as a way for both democrats and republicans to make a deal and i will call to mind -- i will call to everyone's attention comments you made at the brookings institution this summer when you said if the bush tax cuts expire every proposal will be a tax cut proposal and the norquist pledge will no longer keep republicans boxed in and unable to compromise. which would seem to be good news for republ
conferences every week. they run the retreats. >> run the retreats? >> john boehner -- >> you're getting in deeper and deeper. >> they run the caucus meetings every week. she runs the caucus, decides which speakers come in. vice chair of the caucus, lynn jenkins, virginia fox -- >> what's a more important position, chairman and vice chairman of the caucus or speaker of the house -- >> or committee chair. >> any of the committees. >> caucus chairman trumps the committee chairmanship. i've been both. i've been in the leadership and i've been a committee chair. look, you only had one woman in contentious for committee chairmanman ship, candace miller. they're knife fights. when the caucus was allowed to speak, they elected -- they selected the woman. unfortunately, you know -- >> a bloomberg article points out uncomfortable optics, the white republican house is going to present. quote, the visuals will be striking when the house debates whether to overhaul the country's tax code and consider ways to keep the costs in social security and medicare under control. white males of the republican
and house speaker john boehner talking on the phone saturday. are we any closer to a deal? and it is a bird, it is a plane. nope. it is your social security number, it turns out more than just balloons in the sky at this year's macy's thanksgiving day parade. the crazy details of this one just ahead. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer lease a 2013 glk350 for $399 a month at your local mercedes-benz dealer. melissa: so, talk about raining on your parade, literally. thousands of pieces of confetti rained down on the macy's thanksg
rights leader gave up his seat in congress after 17 years. in a resignation letter to house speaker john boehner writing in part, "my health issues and treatment regimen have become incompatible with service in the house of representatives." jackson has been hospitalized on and off since june for treatment of bipolar disorder, seen here while a patient at the mayo clinic. cook county officials are weighing options for a special election to replace jackson. >> i think he feels that district needs somebody in a healthier position than he is to represent them. >> reporter: his letter makes some striking admissions about his own, "mistakes." jackson has been in talks with the justice department, as federal prosecutors examine whether he misused campaign money to buy personal items, including an expensive watch. jackson writes, "i am doing my best to address the situation responsibly, cooperate with the investigators and accept responsibility for my mistakes, for they are my mistakes and mine alone." jackson adds, "i pray that i will be remembered for what i did right." >> that was nbc's kell
this season. house speaker john boehner and a few other key republicans appear willing to consider tax hikes. billionaire warren buffett chimes in that tax hikes won't stop the wealthy from investing. in our cover story, the woman who led the securities and exchange commission after the 2008 financial crisis is stepping down. mary schapiro took over an agency under fire for ignoring repeated warnings about the bernie madoff ponzi scheme. in 2008, the regulatory sec was itself under scrutiny, critized for failing to anticipate the lehman brothers bankruptcy, which sent financial markets reeling, and also missing the warning signs of bernie madoff's multi-billion dollar ponzi scheme. "before she got there, they almost needed someone to come in and confess." mary schapiro, who president obama said will be replaced by commissioner elisse walter, overhauled sec enforcement and made it more proactive. "to get out there and defend investors, as opposed to trying to figure out what happened after." but critics say for the dozens of insider trading investigations, the sec under schapiro did not crack
by christmas. >> hoping to get some positive comments from john boehner. he is optimistic. a nice little boost. from negative to positive to the session highs, no 50 points away from dow 13,000 once again. the dow once again up 73 points. you have a lot of winners. the banking index is still under some pressure, but retailers are really stealing the show. many are doing well for a variety of reasons. take a look at costco. the money they're paying out to shareholders ahead of the fiscal cliff wall to get the dividend ahead of the higher tax rate, so costco joins many come over 100 companies that have done much of the same. paying out dividends so you can pay less taxes. melissa: thank you so much. lori: so thoughtful of the company. president obama invited middle-class americans to the white house to showcase those would be most affected a certain tax cuts are not extended. peter barnes live at the white house. >> 85 middle-class taxpayers joining the president at this event part of a pr push to drive them to extend tax cuts for middle-class taxpayers let them expire for wealthier taxpayers. t
't in the game. the john boehners and the barack obamas they don't have skin in the game. >> they are shooting for numbers to look good but they don't pay the price of the mistakes. you and i pay the price of their mistakes. >> let me bring up your book. the book is called "anti-fragile, things that gain from disorder" you said think of the economy as being more of a cat than a washing machine. >> let me explain about anti-fragile. the opposite of fragile is not robust. it is not harmed and doesn't get better from shocks. there is a category of things called anti-fragile that gin from disorder. the biggest mistake is to think of the economy and society in terms of an engineering problem. it's not the same thing. your washing machine and your cat are different. your washing machine needs continuous maintenance and repair. something organic, the human body, if you don't subject it to stressors, use it or lose it. if you don't object it to stressors you get atrophy and get weaker and blow up. >> i like what you say in the book. you say you favor businesses that benefit from their own mistakes. no
are starting to turn away a little bit from speaker john boehner. tom coal rank and file member. is he part of the leadership but from oklahoma and basically said today extend them for the large majority for the middle class and come back and fight it out in january instead of going off the cliff. take a listen. >> everybody's taxes are scheduled to go up. and unless we fix that, paradoxically president obama becomes the defender of the bush tax cut for 98% of the people and he is he no such thing. >> bottom line is both sides are still laying out the same ideas they have been doing for weeks now. today irskin bowls one of the key budget experts says he believes there is a two thirds chance that he wool go off the fiscal cliff. that's not too optimistic tonight, shep. >> shepard: not at all. ed henry live on the north lawn. the president is sending one of his top negotiators to capitol hill tomorrow to meet with congressional leaders from both parties. mike emanuel is live for that part. is he live on the hill tonight. what's the latest on the talks. >> there is always hope for tomorrow tha
, at&t. you see the signs here, just to name a few. on the republican side, house speaker john boehner says the gop has done its part and now it is time for the democrats to show their cards on spending cuts. >> we all know that we have had this spending crisis coming at us like a freight train. and it has to be dealt with. and in order to try to come to an agreement, republicans are willing to put revenue on the table, but it is time for the president and democrats to get serious about the spending problem that our country has. >> president obama and speaker boehner's last face to face meeting on the fiscal cliff was 12 days ago. though apparently they did talk over the phone this weekend. if the president and congress do not cut a deal, let me repeat myself here, massive tax hikes and spending cuts automatically kick in the first of next year. joining me now from washington is representative marcia blackbird, a house republican, represents the seventh district of tennessee which covers some of the suburb s between nashvile and memphis. nice to see you. thanks for coming on today. >>
relief with just two pills. >>> 12 minutes past the hour. house speaker john boehner says nothing is off the table to avoid that fiscal cliff, including obamacare. automatic cuts will start january 2nd if an agreement isn't reached. he said in an op-ed, we can't afford it. and we can't afford it to leave it intact. that's why i've been clear that the law has to stay on the table as both parties discuss ways to solve our nation's massive debt challenge. >>> a special election following jesse jackson jr.'s resignation from congress. jackson says he needs to spend time, quote, restoring my health. jackson mysteriously disappeared from capitol hill in may and his office later revealed he was dealing with depression and had been diagnosed with bipolar disorder. health concerns aren't the only thing jackson is facing, though. ted rowlands is in chicago. good morning, ted. >> reporter: good morning, carol. yeah. well, the health concerns are significant. he had two stints at the mayo clinic. talking to family members, that was the main reason why he just couldn't move forward. and he gave his l
they are republicans. then theyou have republicans. i don't see how we can survive this fiscal cliff if john boehner does not follow the lead of the president. he said a couple days ago we have to put obamacare in a position to and take some cuts from it. that's crazy. john boehner and mitch mcconnell and all of them have given the president a hard time. that's why we voted for these people and they are supposed to do our bidding, because people are hurting. host: let's take it to the state level in a carolina, state legislature, republican governor, republican. what are the big ticket items they will start working on? caller: i don't think the governor knows himself. he claimed that he will bring relief to the state. i don't see how he's going to do it. they are going to cut a lot of social programs that they call wasteful spending. people are going to really see what he's made of. what is your name again? host: what is that? caller: pope was the one along with the koch brothers that got it mccory into office. they are bought and paid for. they don't do the people -- everybody needs to be represent
john boehner needs to go. i think it needs to be a kevin mccarthy as well as in the senate. you know, we need new leadership. marco rubio would be a great senate minority leader, and it's bold, but we need the change in washington d.c. heather: but in the meantime, we have what we have right now, we are just a matter of weeks away, so what do you think they need to do, and do you think that president obama will take the lead with dwoarks this time around? -- with negotiations this time around? >> absolutely. and he has started to take the lead. he's met with congressional leaders, the ones that we have, and i don't think that those are going to change, and we're going to see another meeting the in just a few days. but what i think really needs to happen is that republicans are finally going to have to stop letting grover norquist and his pledge hold our economy hostage. and the great thing that we have seen in the last few days is that some republicans are finally saying, guess what? i'm actually going to put the country first instead of some pledge i took 20 years ago, for example,
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reid, mitch mcconnell, john boehner, nancy pelosi will be serious. going over the cliff doesn't make any sense. >> we all remember the t.a.r.p. vote that you reference. that really didn't come to a resolution until the markets -- i would argue -- scared washington. i wonder how important you think that is this time? do stocks need to fall before the two sides really get committed at the table? >> that is a terrific question. that's the main question. in two days we lost 1,600 points in the markets. it took us a lot longer time to come back and recover. i sat there and stared defeat in the face. we can't do it now. the markets will respond to certainty. that's what congress needs to give american business and american people. certainty about taxes. certainty about spending in congress and certainty about our commitment to lower the debt. >> how do you argue that you are considering all elements of reform if in fact you're going to stick by the norquist pledge. is there anything wrong with as senator graham has said with saying i made that pledge back then but my job is to be a senator
, and norah. the president and house speaker john boehner spoke by phone over the weekend. top aides in the house and senate tell us that negotiations at this point are just taking place between the president's staff and speaker boehner's staff. that's because any deal that involves raising tax revenue is going to face its biggest challenge in the republican-led house. top republicans returning from thanksgiving recess urged the president to make the first offer in fiscal cliff negotiations. and they expressed a new openness to raising tax revenue, if democrats agree to make cuts to strengthen medicare and medicaid. >> elections come and go. and when they go the spirit to find common ground becomes greater. >> reporter: georgia republican saxby chambliss and mark warner lead the gang of eight. four senate democrats and four senate republicans, who originally met in 2007 to craft a plan to cut the debt. >> you still don't have a final product after 2 1/2 years. why do shud we have any confidence that the president and the leaders should get anything done i
john boehner and the senate majority leader harry reid over the weekend. and the president is confident they can work out some sort of agreement. mike emanuel on fox top story live in the d.c. newsroom tonight. mike, it looks like some republicans are changing their tunes. >> shep, republicans say they favor both major spending cuts and additional revenue from tax reform with lower tax rates. the pledge you mentioned is identified with americans for tax reforms grover norquist who has gotten many republicans to promise they won't vote to raise taxes. south carolina senator lindsey graham is pushing back saying capping deductions would help generate revenue. the top republic on the senate budget committee explained graham's position. >> he is conditioning any tax increase on fixing these programs, social security and medicare, particularly in making sure that they are sound for the future. so that's lindsey's position. and he has talked about accepting revenue to accomplish that goal. >> republicans continue saying they don't want to increase tax rates arguing that will hurt job growth.
reid and speaker john boehner by phone on saturday when you see him this week he will be getting by with a little help from his friends ordinary unelected americans. joining us professor of economics at the university of michigan justin wool fers. great to see you. before i ask for your economic analysis i want to pose one question to my colleagues in new york, that is really about the optics of the president going straight forward and straight to the kisser as it were on the bush tax cuts, not really even talking about the fiscal cliff or the debt limit which looms in february or march. >> as we know there is no real fiscal cliff. it's more of a curve or a mole hill. it's serious and real but not going over the cliff. if there is something of a cliff-like situation, it's playing to the president's advantage. december 31st what he doesn't want, the bush tax cuts for the rich, will be gone. they'll also be gone with the middle-class tax cuts. two years ago the republicans tried to hold the president hostage and said listen, if you don't give us the bush high-end tax cuts we're not
obama and john boehner. here's how we finished the day on wall street, near the highs. up 105 points. 12,983. we'll have technicians looking at this day, seeing if it's a key reversal. the s&p also in positive territory. market driven by headlines and bluster out of washington. yep, that's what investors should expect short term. maybe until january 1st. should they also expect a rally any time soon? according to ryan dieterich, rally could most definitely be headed our way. >> he joins us now to explain along with peter anderson from congress asset management company. bill mcvail from turner investment partners and our very own rick santelli. peter, i have to begin with you. with a name like congress asset management, is congress going to come through for your assets? >> well, i wish i had an inside scoop on that, but unfortunately, we're also left to speculate at this point. but i will say this. what's incredible about this market is the way the market moved up today, it's an instant polling network that the government can use, actually, to kind of float trial balloons to us and get a
the votes and neither does john boehner even if he wanted to put that on the floor so the goal of the pr campaign, the machinery kicking in to gear at the white house is to turn the voettes, get votes. swing counties, you know, the election may be over but the campaign continues. there are republicans around in these counties around philadelphia, three of the four districts, as a matter of fact, who can be counted only as swing voters in the house of representatives and that's the battleground where the fight is playing out, steve. >> okay. thanks as always. >>> now bringing in "the washington post" political columnist dana millbank a. point of emphasis is tax rates for the wealthy saying in the campaign to go up, he wants to make sure they go up now. dick durbin, number two senate democrat and close to the white house and gave a speech yesterday about the entitlement aspect. medicare, medicaid. the entitlement aspect and basically said we don't want entitlements to be part of the immediate talks january 1st but think as democrats they should be part of longer terms talks for next year.
-- but hurry, the offer ends on. stuart: john boehner said he is optimistic that the fiscal cliff negotiations will speak successful. use the word optimistic. market coming back a little on that. as we told you earlier forbes saying that 11 states are in a death spiral. their words. don't buy house in the 11 states, don't invest in their municipal-bond. joiiing us from one of those states is scott kennedy in chicago, ill.. what do you make of that? >> i totally agree. i am not going to buy another house in this state ever again and as markets said, at some point we will run out of spending other people's money. we can support the maxes with the tax rate here and obamacare on top of that. we are in a death spiral and more people will be leaving the state. stuart: i think you are a lifelong illinois guy and you are saying you would never again buy house in this state? really? >> do you know what the real-estate taxes are here? astronomical land set to go higher so we are going to be taxing those who bought houses already. people are not going to buy any more but they can't rent either because no
that the problem is that you have john boehner, president and mitch mcconnell negotiating with the exact same congress that they had when they couldn't make a deal the last time. so i think until the personnel change, i'm not sure you can get a deal. >> and juan kessler, the fact checker for "the washington post," has reported that, you know, you have to come from, like, some point point. you have to have a negotiating point to start with. he said democrats and republicans haven't even agreed on a baseline yet. they're about $3 trillion apart because of ending the wars, medicare, other cuts. so how do you come to some agreement in what is a numbers game really if you don't even have a number to start with? >> i think one of the things we'll see happen here is the idea of a grand bargain, of one deal that gets all this stuff averted between now and -- it's not going to happen. it doesn't seem that there's anything that would suggest that they'll be able to get to that point of putting this all together into one deal. so what will happen is they'll figure out some solution that gets us past the
out between president obama and john boehner. >> i guess so. because dick durbin himself has been confusing in what he's been saying publicly. on sunday he said sure medicare and medicaid can be part of the discussion. today he's giving a speech where it should not be part of the conversation. there this morning he's saying once we get into a room, we can start talking about it. and there are ways that i think liberals would agree to do medicare and medicaid. you know, if you're tinkering on the supplier side like, you know, say medical device companies or something, or reimporting drugs from canada, or allowing medicare to negotiate, or reduce price, or add a public option to health care reform. you know, that would save money. so there are things that democrats would do when it comes to entitlements that would save money. and maybe that's what dick durbin is talking about, but those are the exact opposite of the things that republicans would want to do when it comes to entitlements. so harry reid's strategy might be the easiest one. just say, look, this is not part of the conver
speaker john boehner. he wrote, "over the past several months as my health has deteriorated, my ability to serve the constituents of my district has continued to diminish." the drama around jackson began this summer when the congressman disappeared for weeks. the public, even members of his staff, didn't know where he was. finally, in late july, the mayo clinic revealed jackson was being treated there for what was later diagnosed as bipolar disorder and depression. his famous father uncharacteristically quiet about the matter. >> the fact is, the congressman is under medical supervision and is right now regaining strength. >> reporter: jackson was released in september, then readmitted last month. his return to the clinic came amid reports that the congressman faced a federal investigation into the potential misuse of campaign funds, including allegations that jackson used thousands of dollars to redecorate his washington, d.c. townhome and that he used $40,000 to buy a rolex watch for a female friend. even so, jackson was easily re-elected to the house just a few weeks ago. even though
campaign funds to buy jewelry for a mysteries and remodel his house. in a letter to speaker john boehner he said i am aware of the on going federal investigation into my activities. i am doing my best to cooperate with the investigators and accept responsibility for my mistakes. they are mine and mine alone. none of us isee tune from our share of short come eupblgs or human frai hume trail tees. gregg: explain what happens to his seat. >> reporter: we expect to have a date for a special election in four days. pat quinn will make sure th the election is fair and as economical as possible for the taxpayers who have to foot the bill. that being to you. gregg: thanks very much. ainsley: back to the breaking developments an on benghazi. ambassador susan rice breaking her ten-week silence and defending her actions. when she said the attacks came from and anti-muslim film. >> i relied solely and scare leon the information provided to me by the intelligence community. i made clear that the information was preliminary, and that our investigations would give us th the definitive answers. ainsley: joi
. house speaker john boehner sending an ultimatum to the president saying his healthcare plan has to be on the table as congress works to avoid a fiscal cliff. >> a new report of the death of usama bin laden reveals shadowy details of the at-sea burial of the world's most wanted terrorist. a cloud hanging over excited shoppers on black friday as workers at the nation's largest retailer get ready for a possible walkout on the busiest shopping day of the year. heather: we can see groups of walmart employees demanding higher pay and better benefits and urging employees to walk out if the demand are not met. with the national labor relations board holding off on a ruling until after thanksgiving, it looks like thousands of shoppers could see serious disruptions. james rosen live for us in our d.c. bureau. >> reporter: heather and rick, happy thanksgiving to you it's an unusual situation when walmart seeks protection from the national labor relations board. that agency was only handed this case last friday. federal investigators have been deposing witnesses and reviewing documents in a
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